Sales rise to $23.2 billion for The Home Depot

US-based home improvement retailer The Home Depot has seen sales growth in quarter three, fiscal 2016.

Sales rose 6.1% compared with Q3 2015 up to $23.2 billion with comparable store sales at 5.5%.

2016 sales are expected to be up 6.3% and comparable sales are predicted to hit 4.9%.

“We experienced balanced sales growth in the quarter driven by an increase in both ticket and transactions, and our continued focus on productivity drove double-digit earnings-per-share growth,” said Craig Menear, Chairman, CEO and president. “I would like to thank our associates and suppliers for their hard work and dedication to our customers throughout the quarter, and particularly in the face of Hurricane Matthew and the flooding in Louisiana.”

According to Wikipedia, The Home Depot is the largest hardware retailer in the world, followed by fellow North American Lowe, Blighty’s own Kingfisher, then Germany’s Obi and Leroy Merlin of France.

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